TRADING RECOMMENDATIONS 23rd June

Lupin Ltd. CMP—Rs 425.85

Technical Outlook & Trading Strategy:-
The share price movement of Lupin has registered a breakdown from its Head and Shoulder pattern. This
is a bearish formation and the measuring implications suggest that the stock price could decline to the
levels of  Rs 412.50 / Rs 404 in the near future. On the oscillators front the ADX has already given a sell
signal with bearish crossover suggesting build up on the downside.

Traders can look to sell at current levels with a stop placed above Rs 438.60 for the aforementioned
targets.


Reliance Media Works Ltd. CMP - Rs 115.30

Technical Outlook & Trading Strategy:-
The share price of Reliance Media works appears to have broken down from its downward sloping trendline support. Such a breakdown is likely to have negative implications for the stock price. We expect strong declines to occur in the next few sessions and believe that the technical set up suggests
that the stock price could test the levels of  Rs 111 / Rs 108.  

Short positions can be initiated at current level and again on pullbacks to the levels of  Rs 117- Rs118 with
a stop loss placed above Rs 119.60

TRADING RECOMMENDATIONS 17th June

Grasim Ind. Ltd: (CMP Rs 2610.20)
We recommend going short in this counter.

Technical Outlook:-
The share price movement of Grasim has registered a break down from its Head & shoulder formation. This is a bearish formation
and measuring implications suggest that the stock price could decline to the levels of Rs 2100 / Rs 2050 / Rs 2000 in the near future.
The momentum indicators are placed firmly below their respective trigger lines and are in bearish mode.

Suggested Trading Strategy:-
Traders can look to sell at current levels with a stop placed above Rs 2216.60 for the above mentioned targets.

TRADING RECOMMENDATIONS 15th June

Reliance Infrastructure Ltd: (CMP Rs 563.90) We recommend going long in this counter.

Technical Outlook:-
The most important observation to be made on the charts of Reliance Infrastructure is the positive divergence displayed by indicators.

signal that the downward movement of the price could have lost force and in all likelihood give some kind of an advance.

In the short term we expect the share price to advance towards the target of Rs 585 / Rs 595 levels.

Suggested Trading Strategy:-
We recommend buying the stock above Rs 567 levels with a stoploss placed below Rs 549 levels, for the above mentioned targets.